NOT LISTED FOR SALE

509 Magnolia Ave Elizabeth, NJ 07206

Elizabethport Neighborhood

Estimated Value: $514,000 - $888,000

-- Bed
4 Baths
2,300 Sq Ft
$312/Sq Ft Est. Value

Last Sold January 16, 2019

Last sale price $320,000 $139 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $4,761/month

78 Days on Market

About This Home

As of January 2019

This home is located at 509 Magnolia Ave, Elizabeth, NJ 07206 since 02 October 2018 and is currently estimated at $717,818, approximately $312 per square foot. This property was built in 2007. 509 Magnolia Ave is a home located in Union County with nearby schools including Number 20, John Marshall Elementary School, Elizabeth High School, and The Patrick School.

Last Agent to Sell the Property

SUSANA BANCES

THE REAL ESTATE COMPANY Brokerage Phone: 908-686-7800 Listed on: 10/02/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,607

Year Built

  • Built in 2007

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,607

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Year Built: 2007
  • County Name: Union
  • Street Number Display: 509
  • I D: 4840946
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 908-686-7800
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2018
Closed on
Jan 16, 2019
Sold by
Regis Elyse
Bought by
Flores Juan A and Espinoza Erika G
Seller's Agent
SUSANA BANCES
THE REAL ESTATE COMPANY
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$717,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,818
Avg. Annual Appreciation
12.69%

Purchase Details

Listed on
Jun 7, 2018
Closed on
Aug 2, 2018
Sold by
Deutsche Bank National Trust Company
Bought by
Regis Elyse
Seller's Agent
DAVID M. SWEENEY
DAVID M SWEENEY REALTY, LLC
List Price
$249,500
Sold Price
$254,100
Premium/Discount to List
$4,600
1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
93.25%
Original Mortgage
$240,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 27, 2016
Sold by
Union County Sheriff
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Jun 8, 2007
Sold by
Flores Stephanie O
Bought by
Tapia Giovanni Pizarro and Chacon Lisney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
9.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2005
Sold by
Roman Carlos
Bought by
Flores Stephanie O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
9.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 6, 2000
Sold by
Capital Asset Research Funding 1997-A Lp
Bought by
Roman Carlos and Roman Miriam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,300
Interest Rate
7.71%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flores Juan A $320,000 Stewart Title
Regis Elyse $254,100 None Available
Deutsche Bank National Trust Co $1,000 --
Tapia Giovanni Pizarro $560,000 New Jersey Title Ins Co
Flores Stephanie O $220,000 --
Roman Carlos $49,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Regis Elyse $240,000
Previous Owner Tapia Giovanni Pizarro $500,000
Previous Owner Flores Stephanie O $198,000
Previous Owner Roman Carlos $55,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/16/2019 01/16/19 Sold $320,000 0.0% $139 / Sq Ft
12/19/2018 12/19/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $320,000 0.0% $139 / Sq Ft
10/15/2018 10/15/18 Pending -- -- --
10/02/2018 10/02/18 For Sale $320,000 +25.9% $139 / Sq Ft
09/10/2018 09/10/18 Sold $254,100 +1.8% $110 / Sq Ft View Prior Sale
07/13/2018 07/13/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $249,500 -- $108 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,607 $603,300 $137,500 $465,800
2024 $15,715 $603,300 $137,500 $465,800
2023 $15,715 $50,000 $9,000 $41,000
2022 $15,290 $50,000 $9,000 $41,000
2021 $14,974 $50,000 $9,000 $41,000
2020 $14,636 $50,000 $9,000 $41,000
2019 $14,412 $50,000 $9,000 $41,000
2018 $14,272 $50,000 $9,000 $41,000
2017 $13,874 $50,000 $9,000 $41,000
2016 $13,875 $50,000 $9,000 $41,000
2015 $13,050 $50,000 $9,000 $41,000
2014 $12,658 $50,000 $9,000 $41,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    SUSANA BANCES

    THE REAL ESTATE COMPANY

  • D

    Seller's Agent in 2018

    DAVID M. SWEENEY

    DAVID M SWEENEY REALTY, LLC

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Map

Source: Garden State MLS

MLS Number: 3506123

Garden State MLS

APN: 04-00003-0000-00812

New Jersey Union County Elizabeth 07206 Elizabethport

509 Magnolia Ave, Elizabeth, NJ

This home is located at 509 Magnolia Ave, Elizabeth, NJ 07206 since 02 October 2018 and is currently estimated at $717,818, approximately $312 per square foot. This property was built in 2007. 509 Magnolia Ave is a home located in Union County with nearby schools including Number 20, John Marshall Elementary School, Elizabeth High School, and The Patrick School.

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